Sodo Business Improvement Area
EIN: 471278728 · Seattle, WA · NTEE: S22
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.9M |
| Net Assets | $516K |
Is Sodo Business Improvement Area Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sodo Business Improvement Area
Sodo Business Improvement Area (EIN: 471278728) is a nonprofit organization based in Seattle, WA, classified under NTEE code S22. The organization reported total revenue of $2.3M and total assets of $712K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sodo Business Improvement Area's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sodo Business Improvement Area is a mid-size nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 32.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$137K |
| Total Assets | $600K |
| Total Liabilities | $84K |
| Net Assets | $516K |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 13.9% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Sodo Business Improvement Area reported a surplus of $137K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 13.9% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Sodo Business Improvement Area's revenue has grown at a compound annual growth rate (CAGR) of 32.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.4% | +45.6% | +22.6% |
| 2022 | +46.7% | +22.3% | +133.6% |
| 2021 | +4.5% | +10.7% | +9.4% |
| 2020 | -0.3% | -3.2% | +29.6% |
| 2019 | +18.8% | +19.2% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sodo Business Improvement Area has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sodo Business Improvement Area with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.9%.
Frequently Asked Questions about Sodo Business Improvement Area
Is Sodo Business Improvement Area a legitimate charity?
Based on AI analysis of IRS 990 filings, Sodo Business Improvement Area (EIN: 471278728) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sodo Business Improvement Area spend its money?
Detailed spending breakdown data is not yet available for Sodo Business Improvement Area. Check back for updated IRS 990 analysis.
Are donations to Sodo Business Improvement Area tax-deductible?
Sodo Business Improvement Area is registered as a tax-exempt nonprofit (EIN: 471278728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sodo Business Improvement Area located?
Sodo Business Improvement Area is headquartered in Seattle, Washington and files with the IRS under EIN 471278728. It is classified under NTEE code S22.
How many years of IRS 990 filings does Sodo Business Improvement Area have?
Sodo Business Improvement Area has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
Filing History
IRS 990 filing history for Sodo Business Improvement Area showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Sodo Business Improvement Area's revenue has grown by 1160.8%, moving from $162K to $2.0M. Total assets increased by 793.2% over the same period, from $67K to $600K. Total functional expenses rose by 1096.3%, from $160K to $1.9M. In its most recent filing year (2023), Sodo Business Improvement Area reported a surplus of $137K, with revenue exceeding expenses. The organization holds $84K in liabilities against $600K in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $516K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $600K | $84K | — | — |
| 2022 | $1.6M | $1.3M | $489K | $110K | — | View 990 |
| 2021 | $1.1M | $1.1M | $209K | $88K | — | View 990 |
| 2020 | $1.0M | $969K | $191K | $68K | — | — |
| 2019 | $1.0M | $1.0M | $148K | $80K | — | View 990 |
| 2018 | $865K | $840K | $119K | $77K | — | View 990 |
| 2017 | $780K | $773K | $115K | $99K | — | View 990 |
| 2016 | $581K | $575K | $92K | $82K | — | View 990 |
| 2015 | $543K | $542K | $87K | $83K | — | View 990 |
| 2014 | $162K | $160K | $67K | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $600K (revenue +30.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.3M, and assets of $489K (revenue +46.7% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $209K (revenue +4.5% year-over-year).
- 2020: Revenue of $1.0M, expenses of $969K, and assets of $191K (revenue -0.3% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $148K (revenue +18.8% year-over-year).
- 2018: Revenue of $865K, expenses of $840K, and assets of $119K (revenue +10.9% year-over-year).
- 2017: Revenue of $780K, expenses of $773K, and assets of $115K (revenue +34.3% year-over-year).
- 2016: Revenue of $581K, expenses of $575K, and assets of $92K (revenue +6.9% year-over-year).
- 2015: Revenue of $543K, expenses of $542K, and assets of $87K (revenue +234.6% year-over-year).
- 2014: Revenue of $162K, expenses of $160K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sodo Business Improvement Area:
Data Sources and Methodology
This transparency report for Sodo Business Improvement Area is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.